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Problem 1: The company "La Chiapaneca, S.A." closed the month with the following balances, prepare the income statement in order to know the operational efficiency of the company:
Sales $ 2,500,000
Administration expenses $ 163,000
Interest expense $ 12,300
Favorable interests $ 11,500
Other expenses $ 3,230
Selling expenses $ 140,000
Other income $ 2,500
Sales cost $ 945,000
Tax rate 30%
Financial Statement Analysis and Preparation
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